This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

LinkedIn Profits; Fusion-io Bumps Estimates

Stocks in this article: LNKD FIO AAPL NOK

NEW YORK ( TheStreet) -- LinkedIn (LNKD) shares were continuing their rise in pre-market trading Friday, up 2.61% to $98.01, following its second-quarter estimates blowout.

The business-minded social network cut some of Thursday's stock market gloom by reporting a surprise small profit after the bell, posting top-line revenue of $121 million, more than doubling the $54.9 million in revenue it posted in the year-ago quarter. Adjusted earnings per share were 10 cents, above the loss of 3 cents and quarterly revenue of $104.7 million analysts were expecting.

The company, which plans on reinvesting money into itself to make its site more sticky for users, has grown to 115.8 million members so far, up 61% from a year ago.

Fusion-io (FIO), the data storage specialist that made its public debut in June, was also rising in pre-market trading, up almost 6% to $25.02 on its solid fourth-quarter earnings beat. The company, which counts many of Silicon Valley's biggest firms as clients, reported earnings of 15 cents a share on revenue of $71.7 million, above the expected 14 cents EPS on sales of $70.6 million.

IDC's new report reiterated Apple's (AAPL) first-place grab from Nokia (NOK) in the worldwide smartphone market. Apple sold 20.3 million iPhones during the second quarter and now holds 19.1% market share, while Samsung, which shipped 17.3 million phones, holds 16.2% share. Nokia, whose new Microsoft (MSFT) Windows Phone 7 models should hit the market later this year, is in third place with 15.7% market share.

Apple shares were rising in pre-market trading, up 1.17% to $381.80, along with Nokia shares, which were up about 5% to $5.27.

HTC, the Taiwanese handset maker that moved up to fifth place in IDC's smartphone market share report, paid $18.5 million to acquire Seattle-based Dashwire, a mobile-web application company, reported Reuters. The deal is expected to bolster HTC's cloud computing services.

Demoing their findings at a cybersecurity conference in Las Vegas Thursday, a Carnegie Mellon research team used facial recognition technology to show how Facebook's huge database of profile photos can be used to identify people and match them with information stored on their profile, including their name, social security number, date of birth and place of residence. The findings, said the team, shows "ominous risks for personal privacy," according to Cnet.

--Written by Maggie Overfelt in New York.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs